We should no longer call them "The Rich"( Tax the Kings of the earth ).
I learned it from the King...
We should just stop calling them "THE RICH" and just start calling them what they are.....
The Kings of the earth, they live like Kings, in fact they live in a manner Kings of Biblical Times could only Dream of.
I know this seems a small thing, but bear with me, I'm going somewhere......
Jesus asks Simon Peter about Taxes:
Jesus spoke to him first, saying, “What do you think, Simon? From whom do kings on the earth collect tolls or tributes? From their own subjects, or from foreigners?” When he said, “From foreigners,” Jesus said to him, “In that case, the subjects are exempt.
The subjects to the laws in the modern age are the middle class and the poor, while " The Rich", as they are called are the Kings of the earth.
The subjects are exempt from Tax while it is the duty of the Kings of the earth to pay for the upkeep of their Kingdoms.
And we should Tax only the "Foreigners" , in the modern age this means a 100% Tax on all money leaving our Nation. I explain the economics of this in a comment to a post earlier today.
There you have it, economics from the King of the World( Jesus ). He was not selling Books, the Kings of the World do not Write Books, those that come after them do.
Doodie shill User ID: 105889 07-13-2012 05:07 AM
RE: We should no longer call them "The Rich"( Tax the Kings of the earth ).
Knowing the problem, and knowing what to do about it are not the same thing.
It's fairly simple.
Step I. Close the Fed, Void the US Debt held by the Fed they bought it with "Funny money" they printed out of thin air on a computer screen anyway, we don't owe the debt the Fed Holds. Sell all the other Fed assets and return the proceeds to the US Treasury. They also bought these assets with "funny money".
Step II. Return the Money Powers to the Federal Government where it belongs and open National Banks that give interest( Usury ) free loans to credit worthy Citizens. Refinance the interest bearing debt of the Citizens into interest free loans.
Step III. A 100% Tax on all money leaving our Nation. Money comes from debt, our private Debt( Bank Loans ) there is never more money than there is the debt that created it. We must never allow it to leave our Nation because then the Federal Government must issue Debt( Bonds ) to recover it from other Nations. This is why out largest "Trading Partners" hold so much of the US Debt.
However just because Money can't leave the Nation does not mean you can travel, or take wealth out of the Nation. MONEY IS NOT WEALTH. You can buy wealth with money, things of value anyway.
Step IV. Open an Office of the US Mint at all International Ports with Duty free coins for sale. This is where you exchange money for wealth, an item of value, before you leave the US, then you sell it when you arrive into the Nation you are traveling to. In this way you bring actual wealth to a Nation you visit not US money that the Federal Government will have to recover.
Step V. Force all Private Banks to only loan money they actually have, investor's money. As it is now Banks don't loan money they have, they create money from thin air and loan it out. Creation of money is a power that can only belong to Government( See Step II. ). Private Banks have hijacked the money powers of our Citizen Government and Created a system of wealth and privilege for the few, at the experience of the many.
Step VI. Take the $USD$ off all foreign exchange markets, make the USD only exchangeable for Goods and Services within the United States of America. Foreign manufactures can bring their goods to the US and sell them for USD, but this money must go into US Bank accounts( It can't leave the US, see Step III. ) They are then free to spend this money on US Goods and Services without TAX. At the end of the year any money they have not spent is TAXED at 33%, so if they do not spend all the money in three years they lose it all in TAX.
This creates a system of Real Trade, because in a Trade all parties to the Trade get something of Value( Not Money ).
When you go to the Store and Buy a TV you don't say you "Traded" for it, you say you bought it because you paid money for it, it was NOT A TRADE.
This is where the Rothschild's are screwing you, and they have been screwing you sense Nixon Closed the Gold window at the Fed.
Before Nixon closed the Gold window the US worked under Bretton Woods( A Gold Standard of sorts ). The US Banking System needed Gold to grow the Money supply, AND WE ALL SHOULD KNOW BANKERS WANT TO GROW THE MONEY SUPPLY.
In order to keep Gold flowing into the US that means the US had to run a TRADE SURPLUS. A Trade Surplus drive Full Employment, and if you know anything about the Fed then you know the Fed has a Dual Mandate( Full Employment and Price Stability ). Full Employment is the job of the Fed because it's the Job the Government gave to the Fed when it was created, so Full Employment IS A JOB OF GOVERNMENT.
Price Stability helps everyone repay their Bank loans, if the cost of corn goes way down then farmers can't repay farm loans and so on. That's why the Fed does this, it helps the Banks and the people when we can count on prices being stable, so we know, within reason what price our Goods and Services will bring in the Market, so we can plan, and take loans, and have a good chance of paying those loans off and making a profit.
Bretton Woods stared at the end of WWII, and ended when Nixon closed the Gold Window at the Fed. From the End of WWII until then the US had a Labor Shortage because we had a strong manufacturing sector to meet the demand for exports. The exports kept Gold flowing into the US Banking system and kept the Money supply growing.
Once Nixon closed the Gold window, the Banks( Rothschild's) no longer needed Gold to grow the Money supply. Without the need for Gold, there was no need for the US to RUN A TRADE SURPLUS, and without the Trade Surplus there was no Labor Shortage, without the Labor Shortage there is no FULL EMPLOYMENT.
That's why the US has been sinking ever sense the early 1970's. The Standard of living for middle class families has gone down, and the middle class has been shrinking ever sense. While the rich get richer and the Poor get poorer.
In 1970 you could graduate High School and get a job at a factory, with a pension, work there a year and buy a New Car, work there another year and buy a new house. Have three kids and a wife that did not have to work full time, and live a good middle class life.
In today's age we don't need to go back to a Gold standard, or Bretton Woods, nor do we need to run a Trade Surplus. However we do have to Balance our Trade and prevent our money from leaving our Nation.
This will bring back demand from American Manufacturing and other Goods and Services, as the Nations that do "Trade" with us will be forced to buy our Goods and Services not our Debt( Treasury Bonds ).
This will, as it did from 1947-1971, create a Labor Shortage, Wages will go up and the Middle Class will take back control of our Government as it should be.
Step VII. Public Money.
Now the Fed want to hide two things from the American People.
I. The Fed is owned and controlled by 20 Domestic and not more than 5 Foreign Banks. It exists to make them profit and make sure they never run out of money to loan.
II. The Fed Exists to loan Money to the Federal Government.
Sovereign Governments do not need to borrow, they have the power to tax and the power to print( Inflate ). That's all the Fed really does when it "loans" money to the Federal Government it just inflates the money supply to buy the Bonds.
We still get the inflation and the FED gets to keep 5% of the money for "Operating Costs".
We can cut out the middle man and just have the Federal Government issue US Notes via the Treasury, without the Bonds.
As I have pointed out the US money supply is $12.1629 Trillion Dollars. The Fed itself has targeted inflation @ 2% so let's see how much money that is?
$243,258,000,000 That's $243.258 Billion Dollars the Federal Government can issue in US Notes, DEBT FREE, to hit a yearly target inflation of 2%.
That's near $250 Billion less that government has to Borrow or Tax.
This is what the Fed and all the Shills do not want you to know. The Fed has inflated the money supply by way more than 2% sense 2008 with QE1 and QE2 by expanding it's books to buy Treasuries and Mortgage Backed Securities.
Note that I said " Expanding it's Books", that means they just made the money out of thin air, around $2 Trillion Dollars. That's far more than the Target inflation of 2%.
The Fed and the Private Bankers that control it want you to believe that Government can't do what Bankers do, that if Government tries to run a National Banking System that they'll just Print money and give loans to people who won't pay it back.
Let me ask you, how is that going to be any different than how the Bankers are running the System now?????
King_David Registered User User ID: 108049 07-13-2012 05:12 AM
RE: We should no longer call them "The Rich"( Tax the Kings of the earth ).
Going beyond Monetary Reform now we have to get to the issue of balancing the Federal Budget:
Step I. Reduce US Military spending by demanding NATO take a larger role in World peace and stability. Cutting the Military Budget by half over five years by turning over foreign bases to NATO and demanding other NATO Countries pickup the spending to fund NATO's new roles.
The UN has proven itself to be a useless body and we should cut all US Funding and reallocate these monies to NATO World Peace and Stability roles.
Step II. Kick the UN out of the United States, it's too US sen trick anyway and all it ever tries to do is seize powers over US Citizens. It would be better suited moved to Africa where it can, maybe, learn to do some good.
Step III. Social Security Reduce the retirement age back to 60 years of age, and remove early retirement. Raise the maximum taxation to unlimited, from $80,000. As it is now people only pay SS TAX on the first $80k they make, and nothing there after in a year. Removing this Cap will allow SS to Tax @11.5% of income up to whatever that person makes that year.
Lower the Maximum payout for SS to $42,000 per year and anyone with any income over $42,000 per year can not draw Social Security. As it is now, Bill Gates, one of the Richest men in the World can draw Social Security. This system was set up to be a safety net, the US is broke and it's time for people to face facts, $42k a year is above the mean income of most of the population of the United States by $5,000, anyone can live on that in retirement. There is no reason someone living on a Social Safety Net should be making more money than working people make.
Let me say this again, if you have $80,000 per year in retirement income from another source, other than Social Security, they still pay you your full Social Security every month in the US. There is no way we can afford to keep spending money like this, I know this people paid into the system, but the money is the IF they need it, it's a safety net to make sure they do not have to live in the poor house, not a source of income to buy a third house.
The average Social Security check each month is $1,300 that's what that Average citizen who draws Social Security gets. $15,600 per year, so under my system they could still make $26,400 in other income and not lose a dime in Social Security. This only effects people making over $42,000 in income after they start drawing Social Security.
Step IV Medical Care.
We are just going to have to go to a single payer system, based on wealth and income, there just isn't any other way about it. The Employer based system is a shame and a con, as is Private Health Insurance for the masses. Sure if you're wealthy, but everyone else is going to get sick, and sooner or later that sickness will kill us, private insurance only makes money off conning you till you die.
If you are employed a flat tax based on income, if you become unemployed a tax based on wealth and income. If you live below guide lines that put you at risk of falling below the poverty level you pay nothing. A progressive tax.
When you retire, it becomes a Tax based on income and wealth.
At anytime you can buy your own private insurance but it does not exempt you from the Tax on income, only wealth.
Step V. Raise the Top Marginal Tax Rate on Incomes over $1,000,000 to 40%, on incomes over $5,000,000 to 54% and incomes over $10,000,000 to 65%. No matter the source derived, this means no more Tax breaks for Investment incomes over $1,000,000.
Raise the Tax rate on investment income under $250k to the standard Rates less 5%, as it is now, no one pays not one thin dime on investment income under 250k per year, that's just nuts.
Lower the Tax rate for incomes under $42,000 per year to 0%.
Set the Tax rate for $42,000-$72,000 per year @ 10%.
Set the Tax Rate for $72,000-$120,000 @ 20%
Set the Tax Rate for $120,000-$200,000 @ 30%
Set the Tax Rate for $200,000-330,000@ 35%
Set the Tax Rate for $330,000-1,000,000@37%
Set the Tax Rate for investment income from $250k-$1,000,000 at the standard rate less 5%.
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